ZIP 24551 - 860Z200US24551 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 24551, understanding the area’s demographic and housing landscape is essential. Located in a vibrant community, this ZIP code offers a mix of suburban appeal and economic stability. This article breaks down the latest 2023 data on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 24551 unique.

Population & Households

ZIP 24551 is home to a population of 27,606 residents, making it a moderately sized community with room for both personal connection and growth. These individuals are distributed across 10,554 households, reflecting a strong residential base. With 10,844 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate potential availability for new residents or investors looking to enter the market. This balance suggests a stable community with opportunities for those seeking to settle or expand.

Income & Housing Costs

Financially, ZIP 24551 stands out with a median household income of $91,119, pointing to a relatively affluent population with solid purchasing power. This income level supports a robust local economy, which can be a draw for businesses and investors alike. On the housing front, the median home value is $345,600, reflecting a competitive yet accessible real estate market for buyers in this income bracket. For renters, the median rent of $1,087 per month offers a more affordable alternative to homeownership, making the area attractive to a diverse range of residents. These figures highlight ZIP 24551 as a place where financial stability meets reasonable housing costs.

Race & Ethnicity

The demographic makeup of ZIP 24551 is predominantly White, with 80.97% of the population identifying as such. Black residents account for 7.98%, while Asian and Hispanic populations make up 1.45% and 3.16%, respectively. This composition indicates a community with a strong majority but also a presence of diversity that can enrich the cultural fabric. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to resonate with the local population while fostering inclusivity.

Key Facts

• Total population: 27,606 residents in ZIP 24551 as of 2023.
• Total households: 10,554, supporting a stable community base.
• Total housing units: 10,844, with a small surplus of available homes.
• Median household income: $91,119, indicating strong economic health.
• Median home value: $345,600, reflecting a competitive housing market.
• Median rent: $1,087 per month, offering affordability for renters.
• Racial composition: 80.97% White, 7.98% Black, 1.45% Asian, 3.16% Hispanic.

What This Means for You

For homebuyers, ZIP 24551 offers a promising mix of affordability and value. With a median home price of $345,600 and a median income of $91,119, purchasing a home here aligns well with the earning potential of residents, suggesting a sustainable investment for families or individuals. Renters can also find value with a median rent of $1,087, which is reasonable given the area’s income levels.

For real estate investors and agents, the slight surplus of housing units (10,844 total units versus 10,554 households) hints at opportunities to acquire properties for rental or resale. The strong median income also suggests tenants or buyers in this area are likely to have financial stability, reducing risk.

For small-business owners, the population of 27,606 and their above-average income present a solid customer base with disposable income. Tailoring offerings to the predominantly White demographic while being mindful of the smaller but significant diverse groups can help maximize market reach.

For analysts, these metrics provide a clear snapshot of a stable, economically sound community with potential for growth in housing and local commerce. The data serves as a foundation for deeper studies into market trends or community needs.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 24551? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your specific interests.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture with confidence.